Unitholders of the closed funds or those in the Advisor Series can redeem at any time, stated Scotia GAM in an announcement issued Nov. 5. “Advisor Series unitholders may also reclassify their units into another series of the same fund. In both cases, applicable redemption fees and sales charges payable to us will be waived. On the closure date, any remaining units will be redeemed for cash,” says Scotia GAM.

Unitholders will receive a notice by mail regarding the fund and Advisor Series closures. Unitholders should contact their financial advisors for more information on the matter, advises Scotia GAM.